Australia's Norwood Systems gains on paid pilot trial deal with a major UK telco

Norwood Systems

17/06/2026 05:47

** Shares of Australia's Norwood NOR.AX rise as much as 200% to A$0.027, set for their biggest pct gain since February 23, 2011
** Stock hits its highest level since July 23, 2025
** Cognitive voice services provider signs paid pilot trial agreement with major UK telco to test the company's AI voice system's capabilities 
** Adds, pilot fees are about A$285,000 ($201,238.50), at current exchange rates
** Pilot is expected to commence in the second half of June 2026
** 44 million shares trade hands vs 30-day average of 445,884 shares
** Stock up 84.6% YTD 
     
     
($1 = 1.4162 Australian dollars)

(Reporting by Shravya Marakini in Bengaluru)
((shravya.marakini@thomsonreuters.com))